Crypto Custody Tech Firm Fireblocks Unveils New York-Regulated Trust Company
Summary
Fireblocks plans to establish a limited-purpose trust company under NYDFS, offering cold-storage custody to U.S. clients. It is creating a Global Custodian Partner Program and advocating for self-custody with MPC technology. The move is partly in response to proposed SEC changes that could limit where RIAs can store crypto. The trust company is expected to be the initial U.S. qualified custodian in the partner program.
